History remembers ‘warriors’ who fought because they shared a common passion, yet weren’t owners of the land... History will also remember capitalistic warriors of India Inc. who fight on and share a common passion, yet are ‘non-owners’... It will!
Capitalism, they say has a fundamental rule – one who takes ‘higher’ risks also deservedly stands a ‘higher’ chance of winning back greater returns! Well, indeed that’s a reference to ‘first generation entrepreneurs’ who invest their lifetime and fortunes into making that single formula work, trying hard to get that single meeting click and spending endless hours walking in the hot sun to get hold of that single customer... and they certainly do deserve those titanic returns and the full right to run their company, for its an established truth that shareholders of an organisation being run by ‘first generation’ owners earn rich returns. But then the question arises, “What about their descendants?” We take a look at successful capitalistic entities around the globe and in India too; and the truth surfaces – professional managers make living easier for the company and provide better returns to its shareholders than ‘descendants’.
For Complete IIPM Article, Click on IIPM Article
Source : IIPM Editorial, 2008
Capitalism, they say has a fundamental rule – one who takes ‘higher’ risks also deservedly stands a ‘higher’ chance of winning back greater returns! Well, indeed that’s a reference to ‘first generation entrepreneurs’ who invest their lifetime and fortunes into making that single formula work, trying hard to get that single meeting click and spending endless hours walking in the hot sun to get hold of that single customer... and they certainly do deserve those titanic returns and the full right to run their company, for its an established truth that shareholders of an organisation being run by ‘first generation’ owners earn rich returns. But then the question arises, “What about their descendants?” We take a look at successful capitalistic entities around the globe and in India too; and the truth surfaces – professional managers make living easier for the company and provide better returns to its shareholders than ‘descendants’.
For Complete IIPM Article, Click on IIPM Article
Source : IIPM Editorial, 2008
An Initiative of IIPM, Malay Chaudhuri and Arindam Chaudhuri (Renowned Management Guru and Economist)
